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COMM - Why CommScope Stock Tanked by 15% This Week
CommScope Holding Company Inc.
2023-04-21 18:40:40 ET
Giant publicly traded companies can often withstand negative takes from analysts, but that isn't always the case with relatively smaller players.
That's what happened this week with the relatively under-the-radar CommScope Holding (NASDAQ: COMM) . On the back of two prognosticator price cuts plus one downgrade, the telecom equiment maker's stock slid by 15% in price, according to data compiled by S&P Global Market Intelligence .
Of the pair of adjustments, one was quite drastic and the other relatively modest.